National Australia Bank (OTCMKTS:NABZY) Reaches New 12-Month High – Still a Buy?

National Australia Bank Ltd. (OTCMKTS:NABZY) shares hit a new 52-week high during mid-day trading on Tuesday . The stock traded as high as $15.1350 and last traded at $15.0050, with a volume of 7037 shares traded. The stock had previously closed at $14.86.

Analysts Set New Price Targets

NABZY has been the topic of a number of research reports. Macquarie raised shares of National Australia Bank from a “hold” rating to a “strong-buy” rating in a report on Wednesday, January 21st. The Goldman Sachs Group raised shares of National Australia Bank to a “strong sell” rating in a report on Wednesday, October 8th. Zacks Research upgraded shares of National Australia Bank from a “hold” rating to a “strong-buy” rating in a research note on Monday, January 12th. Finally, National Bankshares began coverage on shares of National Australia Bank in a report on Wednesday, October 8th. They issued a “sell” rating and a $38.00 target price on the stock. Two analysts have rated the stock with a Strong Buy rating and two have assigned a Sell rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $38.00.

National Australia Bank Stock Performance

The company has a debt-to-equity ratio of 2.88, a current ratio of 1.23 and a quick ratio of 1.23. The company’s 50-day moving average is $13.86 and its two-hundred day moving average is $13.79.

About National Australia Bank

National Australia Bank (OTCMKTS: NABZY) is one of Australia’s largest banking groups, offering a broad range of financial services to retail, small business, corporate and institutional customers. Its core activities include personal and business banking — such as deposits, home and business lending, credit cards and payment services — as well as wealth management, insurance, markets and specialist lending. The bank provides transaction and cash management solutions, financing and advisory services to corporate clients and institutional investors.

Headquartered in Melbourne, NAB traces its corporate origins to a 1982 merger between the National Bank of Australasia and the Commercial Banking Company of Sydney, with precursor institutions dating to the 19th century.